AIB ex-CEO throws light on our banking whodunnit
In the functional surrounds of the banking inquiry in Committee Room One, former AIB chief Eugene Sheehy was calmly reading from his opening statement.
Everyone was listening with both ears, because he is one of the elite band of banking brothers who played a part in the behind-closed-doors drama of the night of the bank guarantee. He was recalling the chagrin of the bank's brass on the morning following the all-night session in Government Buildings.
"When we saw the guarantee document for the first time later that morning we could not understand why Anglo and INBS (Irish Nationwide Building Society) were included," he explained. "All our discussions that night were based upon the premise that Anglo was to be taken down."